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UCC
ETF ticker: NYSE ARCA
AS OF
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Net Assets
13.6M

UCC ProShares Ultra Consumer Discretionary Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UCC with price predictions
07:00 PM EST Nov 26, 2023

Momentum Indicator for UCC turns positive, indicating new upward trend

UCC saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 71 similar instances where the indicator turned positive. In of the 71 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for UCC just turned positive on November 02, 2023. Looking at past instances where UCC's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .

UCC moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for UCC crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UCC advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 347 cases where UCC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for UCC moved out of overbought territory on November 16, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UCC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA), Home Depot (NYSE:HD), McDonald's Corp (NYSE:MCD), Nike (NYSE:NKE), Starbucks Corp (NASDAQ:SBUX), Lowe's Companies (NYSE:LOW), Booking Holdings (NASDAQ:BKNG), TJX Companies (NYSE:TJX), Marriott International (NASDAQ:MAR).

Industry description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Consumer Discretionary Select Sector Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the consumer discretionary sector of the S&P 500 Index. The fund is non-diversified.

Market Cap

The average market capitalization across the ProShares Ultra Consumer Discretionary ETF is 58.08B. The market cap for tickers in the group ranges from 5.37B to 1.52T. AMZN holds the highest valuation in this group at 1.52T. The lowest valued company is MHK at 5.37B.

High and low price notable news

The average weekly price growth across all stocks in the ProShares Ultra Consumer Discretionary ETF was 1%. For the same ETF, the average monthly price growth was 26%, and the average quarterly price growth was 18%. DPZ experienced the highest price growth at 5%, while VFC experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the ProShares Ultra Consumer Discretionary ETF was -5%. For the same stocks of the ETF, the average monthly volume growth was -31% and the average quarterly volume growth was -39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 51
Price Growth Rating: 44
SMR Rating: 53
Profit Risk Rating: 62
Seasonality Score: -6 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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UCC and

Correlation & Price change

A.I.dvisor tells us that UCC and SSO have been poorly correlated (+4% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UCC and SSO's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UCC
1D Price
Change %
UCC100%
+0.21%
SSO - UCC
4%
Poorly correlated
-0.35%
SPXL - UCC
4%
Poorly correlated
-0.57%
TQQQ - UCC
2%
Poorly correlated
-0.29%
QLD - UCC
2%
Poorly correlated
-0.17%
SOXL - UCC
2%
Poorly correlated
-0.52%